Question: PRESENT VALUE AND OTHERS: (Explain using excel, step by step please) Joe Doe deposited $25,500 into his savings account. The interest rate is 5% compounded

PRESENT VALUE AND OTHERS: (Explain using excel, step by step please)

Joe Doe deposited $25,500 into his savings account. The interest rate is 5% compounded annually. How many years will it take for the investment to reach $75,000?

You have deposited $200,000 in stock investments, after three years, the balance of the investment is $180,900. What and how much has been the rate of return?

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